Constellation Brands(STZ) Prnewswire·2025-04-07 09:45Core Viewpoint - The Gross Law Firm is notifying shareholders of Constellation Brands, Inc. regarding a class action lawsuit related to alleged misleading information about the company's financial performance and outlook, particularly in the Wine and Spirits segment [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Constellation Brands provided investors with misleading information about its fiscal year 2024 results and 2025 outlook, focusing on improvements in its Wine and Spirits business [1]. - The company emphasized efforts to enhance product mix, inventory management, and sales execution, particularly in premium brands [1]. - A significant sales miss was reported in the Beer segment and an even larger miss in the Wine & Spirits segment on January 8, 2025, leading to a sharp decline in stock price from 181.81 within two days [1]. Class Action Details - The class period for the lawsuit is defined as April 11, 2024, to January 8, 2025 [1]. - Shareholders are encouraged to register for the class action by April 21, 2025, to potentially be appointed as lead plaintiffs [2]. - Participants will receive updates through a portfolio monitoring software at no cost [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].